United States | West Palm Beach, FL

Report | West Palm Beach Office Insight - Q4 2015

Summary

While the West Palm Beach office market is still struggling to fully recover back to prerecession levels, recent signs show a number of positives across several submarkets that seek to get back on top.

Palm Beach County saw consistent growth over the past 12 months, with vacancy declining by 160 basis points—more than three times that of Broward County—and Boca Raton North experienced record high investment in Q4, as four multi-tenant buildings switched hands for a total of $123 million.

Trophy properties across the market have also shown considerable strength, as Trophy vacancy rates hit historic lows in Q4 at 5.0 percent.

Learn more about what’s happening—and what we expect to occur in the coming months—across the West Palm Beach office market in our Q4 US Office Insight.